10/25/2007
New York Appellate Court Reverses Verdict Based on Failure to Disclose Terms of High-Low Agreement to All Parties
In the Matter of Eighth Judicial District Asbestos Litigation, 8 N.Y.3d 717, 872 N.E.2d 232 (2007)
Brief Summary
The court concluded failure to disclose to all parties the existence of a high-low settlement agreement between plaintiffs and one of the defendants prejudiced the determination of the rights and liabilities of the non-agreeing defendant at trial, requiring a new trial on both liability and damages.
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